Alliance Capital Partners LLC

05/15/2026

Multifamily Loan Delinquencies up 590%! Rough time for the industry but opportunities will be coming

07/29/2024

A little encouraging news . . . according to the good folks at Area Development Magazine, which is geared towards real estate developers, Tallahassee, FL has officially been named THE STRONGEST economy in the USA and also ranked # 9 out of 384 metros nationally overall based on 24 KPI's such as having a stable local economy, strong potential for continued growth, housing affordability (yep, we're still affordable compared to a lot of the country), a well educated workforce, low unemployment rate, etc, etc.

I'm just glad to see we beat Gainesville 😉

Have a great week!

https://oevforbusiness.org/tallahassee-named-strongest-economy-in-the-united-states/ #:~:text=Tallahassee%20ranked%20%231%20in%20the,online%20version%20of%20the%20article.

06/24/2024

From our friend, Joe Manausa . . . this little picture details today's housing affordability crisis better than pretty much anything I've seen. The reality is that in 2021, homes were at their most affordable level in the past 40 years, and then in 2 short years, affordability spiked to levels we haven't seen since the high interest era of the 1980's. Look for home ownership rates to decline and look to developers to start building smaller, more affordable housing. We see townhomes making a comeback.

07/27/2023

Quote of the Day . . . "Excitement is a better motivator than discipline. The people who appear to have an exceptional work ethic or remarkable discipline are often those with a genuine curiosity or interest in that area. The person who smiles is more likely to keep working than the person gritting their teeth." - James Clear

03/29/2023

I tell one person my goal, and they roll their eyes in disbelief. They look at me like Im a crazy dreamer.
I tell another person the exact same goal and he says why are you setting such a small goal? I did that last year in 6 months. Let me show you the way
Who are you surrounding yourself with?
“Surround yourself with people who make the impossible look like a regular Tuesday morning”
-Brandon Turner

03/28/2023

Renderings for our Single Family Site in Groveland Square (Orlando MSA) are hot off the press! 72 60' lots. We have Prelim Site Plan approval and are hoping to go under contract with our end buyer very soon!

02/18/2023

The MFIN Conference is the largest Multifamily Investment Conference of the year and just happened in Las Vegas. In case you missed it and are curious about the Top 9 Takeaways . . .

1) Interest rates will continue to rise. As this happens, expect downward pressure on overall pricing.

2) There are lots of investors looking to buy, but mostly reluctant sellers. This trend is perpetuating a wide bid-ask spread. However, investors are expecting a strong second half of the year.

3) Rising costs are a concern for investors and owners. Operating expenses and increasing insurance prices were common pressure points. These expenses also apply to unit upgrade materials, including appliances, flooring, lighting, hardware, and plumbing.

4) Lenders are willing to put capital to work on the development side, and with a fresh allocation of funds in 2023, there are signs of a market thaw. Meanwhile, other groups are pushing to place preferred and mezzanine equity. They are looking at 13%-14% preferred equity returns filling the 75%-85% loan-to-cost tranche in the capital stack.

5) Rents have soared, and this is weighing on household formation. Landlords are seeing pushback from tenants on affordability, likely capping rental levels in the near term.

6) Capital still likes the growth markets of the Sun Belt, but core coastal markets will get more attention.

7) Investors are looking to acquire multifamily with a cap rate in the 5% range, and cap rates are higher than interest rates on underlying financing. This is unprecedented and likely will not last.

8) Projects under construction present appealing acquisition targets, as floating-rate debt is more expensive than at underwriting, and slower lease-up could result in distress sales.

9) Long-term demographics and longstanding undersupply of housing STILL have investors optimistic about the future of multifamily investment.

02/06/2023

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01/24/2023

Check out our first TOTALLY RENOVATED "Platinum" Unit in Summerchase in Tallahassee, FL !!

This one has New Appliances, Flooring, Lighting, Cabinets, energy-efficient A/C system & water heater, with pool, clubhouse, and fitness center! Available Feb 1st. $1,795 per month

10/12/2022